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Titan To Senco: Jewellers' Insights On India's Evolving Gold Consumption

  • Consumers in India are increasingly viewing gold as both a symbol of adornment and an investment option, leading to changes in gold consumption trends.
  • Rising sales of gold bars and coins pose challenges for jewellers in maintaining topline growth and margins.
  • Titan, a leading gold retailer, reported significant growth in plain gold jewellery sales and gold coin sales, highlighting the growing inclination of Indian consumers to invest in gold.
  • Senco Gold Ltd. also experienced robust results with a 23% YoY growth in retail operations and an 18.4% same-store sales growth, driven by strong wedding season demand.

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